Gold prices edged higher on Monday, but softer than expected growth expectations capped the upside. Resistance on the yellow metal is seen near the
Gold prices edged higher on Monday, but softer than expected growth expectations capped the upside. Resistance on the yellow metal is seen near the 10-day moving average at 1,205, while support is seen near the November lows at 1,170. The RSI (relative strength index) moved higher with price action, but remains below the oversold trigger level of 30, which could foreshadow a correction.
OECD sees German growth at 1.7% through to 2018. The OECD expects a strong contribution from government consumption, especially this year, with private consumption expected to pick up throughout the forecast period. Interestingly though, the contribution from net exports is expected to remain relatively modest at 0.1% this year and next and at zero in 2018.
David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more.
